Stock Rating Upgrade
The Value Trend Rating for Sinclair Broadcast Group Inc (NASDAQ: SBGI) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Sinclair Broadcast Group Inc (NASDAQ: SBGI) stock closed at $16.18 on 11/15/24 after a modest decline of -1.1%. However, unusually low trading volume at 65% of normal accompanied the decline. The stock has declined -4.4% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Sinclair Broadcast Group has a current Value Trend Rating of C (Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Sinclair Broadcast Group has a slightly negative Appreciation Score of 34 but a good Power Rating of 78, with the Neutral Value Trend Rating the result.
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